That’s the opening verse of the Bee Gees’ title track from the movie “Grease.”

They go on to sing “Grease is the way we are feeling.” Well, if you change the spelling of the word to “Greece,” that’s how I’m feeling about America’s debt. Both Greece and the U.S. are on a slippery slope, greased by too much debt.

And, like the song says, we are both in danger of thinking that because we see the problems, we see the light. We are both feeding it right – our debt, that is. We’re similarly deluded in believin’ there ain’t no danger we can go too far.